US Treasury yields reversed an earlier decline, and yields held steady in European midday trading. Exness's Terence Hove said in a report that the upcoming data, including retail sales for October, “is expected to provide a clearer signal of the internal strength of the US economy. Data from previous weeks was disrupted by the government shutdown.” Currently, the market expects the Federal Reserve to cut interest rates twice by the end of next year. “Today's data results may change these expectations, driving volatility in the forex and bond markets,” the market strategist said. According to Tradeweb, the 2-year US Treasury yield stabilized at 3.505%, while the 10-year US Treasury yield fell 0.6 basis points to 4.174%.

US Treasury yields reversed an earlier decline, and yields held steady in European midday trading. Exness's Terence Hove said in a report that the upcoming data, including retail sales for October, “is expected to provide a clearer signal of the internal strength of the US economy. Data from previous weeks was disrupted by the government shutdown.” Currently, the market expects the Federal Reserve to cut interest rates twice by the end of next year. “Today's data results may change these expectations, driving volatility in the forex and bond markets,” the market strategist said. According to Tradeweb, the 2-year US Treasury yield stabilized at 3.505%, while the 10-year US Treasury yield fell 0.6 basis points to 4.174%.